VBAP Holdings Private Limited has sold a 23.6% stake in co-working solutions provider Awfis, according to a corporate disclosure on the National Stock Exchange. The investment and holding firm offloaded 9,96,307 shares at Rs 570.12 per share, raising Rs 56.8 crore in the transaction.
As of March 2025, VBAP held 42,17,712 shares, constituting 5.92% of Awfis’ total captable. The sale marks another liquidity move from institutional investors in the co-working segment, following QRG Investments’ bulk deal last week, which involved shares worth Rs 22 crore.
Founded as one of India’s early co-working operators, Awfis has been expanding its footprint across key urban centers. Its financial performance shows robust growth: revenue from operations rose 30% year-on-year to Rs 335 crore in Q1 FY26, up from Rs 258 crore in the same quarter last year. Profitability improved even more sharply, with net profit surging 3.5X to Rs 10 crore in Q1 FY26 from Rs 2.8 crore in Q1 FY25.
VBAP Holdings Private Limited is an investment and holding company with a diversified portfolio that includes financial assets and strategic stakes in emerging businesses. Its exit from a portion of Awfis shares aligns with broader trends of portfolio rebalancing by private investors in India’s growing co-working and flexible office sector.
Awfis has been steadily strengthening its position in the flexible office market, leveraging demand from startups, small enterprises, and remote-working professionals. Analysts say bulk share transactions by institutional investors may increase liquidity in the segment and reflect growing confidence in the company’s long-term prospects, especially given its recent revenue and profit growth trajectory.
With this transaction, Awfis continues to consolidate its financial and operational performance while attracting interest from both strategic and financial investors.
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